New Zealand: More people moving into employment - NZ jobs statistics manager

FXStreet (Bali) - Following a mix NZ jobs report, labour market and households statistics manager Diane Ramsay, said the following:

“We continue to see more people move into employment and although the participation rate has dropped from a peak last quarter, it is still at an historically high level. Annual wage inflation edged up and this was driven by private sector annual wage rate growth of 1.8 percent – influenced by the minimum wage increasing 3.6 percent. Public sector annual wage rate growth was unchanged at 1.2 percent.”